Transactions: Page 3

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    webking via Getty Images
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    Fitch: Multifamily CMBS delinquencies to double in 2024

    Heightened levels of new supply, slowing revenue growth and higher expenses will challenge apartments.

    By • Jan. 29, 2024
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    Courtesy of TSB Realty
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    EXECUTIVE MOVES

    Student housing developer Subtext moves into acquisitions

    The St. Louis-based firm has brought in investment professional Mike Hung to lead the new vertical.

    By • Jan. 26, 2024
  • Two-story apartments and a clubhouse surrounding a pool.
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    Permission granted by The Mogharebi Group
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    DEALS + STARTS

    How an exchange buyer secured the largest deal of 2023 in California’s Central Valley

    Sellers Osso Capital and Graceada Partners hit their targeted returns at The Edge at Lakewood in Modesto.

    By • Jan. 25, 2024
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    CHUNYIP WONG via Getty Images
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    2024 OUTLOOK

    5 predictions for apartment development in 2024

    As starts fall, labor and land will be impacted.

    By • Jan. 24, 2024
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    Grand Warszawski via Getty Images
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    2024 OUTLOOK

    Will 2024 see more apartment deals?

    Falling rates and still-stressed owners could put more properties on the market this year.

    By • Jan. 12, 2024
  • New York City skyline with urban skyscrapers at sunset
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    ventdusud via Getty Images
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    28 NYC properties head to foreclosure

    Emerald Equity Group owns the workforce assets, which contain 747 units in multiple neighborhoods in the Bronx.

    By • Jan. 10, 2024
  • Two-story brown apartment community with grass in the foreground.
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    Permission granted by StarPoint Properties
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    Q&A

    Despite current turbulence, this investor sees hope in Texas

    StarPoint Properties executive lays out three types of buying opportunities for the year ahead.

    By • Jan. 9, 2024
  • Multifamily residential building under construction
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    Sundry Photography via Getty Images
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    2024 OUTLOOK

    4 multifamily trends to watch in 2024

    Apartment operators will see new supply temper rent growth this year, among other challenges.

    By • Jan. 9, 2024
  • One story tan apartment entrance with palm tree in the foreground.
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    Permission granted by Eagle Property Capital
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    DEALS + STARTS

    Eagle closes $325M value-add fund

    The Miami-based owner partnered with Promecap to target apartments in the Sun Belt.

    By • Jan. 5, 2024
  • The evening sun is reflected in the modern apartment building with balconies.
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    deepblue4you via Getty Images
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    MSCI: Apartment sales fall to $5.1B

    Multifamily transactions declined 68% year over year, while prices dropped 12.1%.

    By • Jan. 3, 2024
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    Permission granted by Crescent Communiities
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    DEALS + STARTS

    December deals: 2023’s last-minute apartment transactions

    Here’s a roundup of the largest sales that occurred at the tail end of last year.

    By • Jan. 3, 2024
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    Marilyn Nieves via Getty Images
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    DEALS + STARTS

    EQR acquires 2 Atlanta-area properties for $179.7M

    The REIT bought a brand-new apartment community in Suwanee, Georgia, and a 2019 asset in Decatur.

    By • Dec. 21, 2023
  • Four-story brown apartment building with a pool on the foreground.
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    Permission granted by JPI
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    8 of 2023’s top deals

    Sumitomo Forestry America’s acquisition of the operating platform of apartment developer JPI stood out in a slow year, ranking as one of the biggest transactions in the last 12 months.

    By • Dec. 20, 2023
  • Angle view of an apartment building with a cloudy sky.
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    Kirpal Kooner via Getty Images
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    Multifamily debt tops $2 trillion

    CMBS providers have a smaller share of apartment loans, according to a new report.

    By • Dec. 20, 2023
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    Permission granted by Courtesy Lennar/Quarterra Group Inc.
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    Lennar looks to sell 11,000 apartments reportedly worth $4.5B total

    The home builder is open to breaking up the portfolio, according to Bloomberg.

    By • Dec. 18, 2023
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    Douglas Rissing via Getty Images
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    Multifamily leaders welcome possible rate cuts

    The Federal Reserve’s announcement last week has executives hopeful that transactions could pick up.

    By • Dec. 15, 2023
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    deepblue4you via Getty Images
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    CMBS apartment loans going to servicing rise 12 basis points

    However, Trepp said delinquencies fell during the month, and CRED iQ reported an overall decline in apartment distress.

    By • Dec. 14, 2023
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    Jean Burbano via Getty Images
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    DEALS + STARTS

    AvalonBay acquires properties in North Carolina, Texas

    The REIT plans to increase returns through operational efficiencies and light value-add upgrades.

    By • Dec. 12, 2023
  • Five-story brown, modern apartment building with balconies on the corner.
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    Permission granted by JPI
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    JPI-Sumitomo deal closes

    Sumitomo’s projects would make it the No. 6 developer in the country.

    By • Dec. 11, 2023
  • A two-level, multi-colored rental housing building with garages.
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    Permission granted by Gray Capital
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    Q&A

    Why Gray Capital is moving to pref equity

    The Indiana owner and operator is “inundated” with owners looking for funds.

    By • Dec. 11, 2023
  • Brown, two story apartments surrounded by trees and flowers
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    Permission granted by Interstate Equities Corporation
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    DEALS + STARTS

    California owner buys 3 West Coast properties for $68M

    Interstate Equities Corp. plans to upgrade the communities.

    By • Dec. 7, 2023
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    Laser1987 via Getty Images
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    Developer files for bankruptcy on California project

    In addition to the 180-unit deal in Van Nuys, FMB Development defaulted on a Los Angeles project in October.

    By • Dec. 6, 2023
  • An aerial view of the downtown skyline and surrounding metropolitan area of Houston.
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    Art Wager via Getty Images
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    Property built in 2006 heads to auction in Houston

    Austin-based GVA Real Estate Group reportedly owns the 264-unit Retreat at Stafford.

    By • Dec. 4, 2023
  • A row of brightly colored apartments on a city street
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    Sundry Photography via Getty Images
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    Trepp: $352B in apartment loans will mature by 2027

    Most markets have seen problem loans increase since 2021, with Houston leading the way.

    By • Dec. 1, 2023
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    4kodiak via Getty Images
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    DEALS + STARTS

    MAA scores Phoenix property in lease-up for $102M in cash

    The REIT purchased the property for below-replacement costs, showing how all-cash buyers hold an advantage in the current environment.

    By • Nov. 29, 2023